US House suspends debt ceiling

CLEAR VICTORY:The US vice president said House Speaker John Boehner and the Republicans’ stand-down to avoid a confrontation was ‘a victory for the country’

AFP, WASHINGTON

“The full faith & credit of US should never be in jeopardy,” Pelosi tweeted after the vote.

Lawmakers have little wiggle room. Congress is scheduled for a recess next week, leaving precious few legislative days until Feb. 27, when the US Treasury estimates it will exhaust existing borrowing capacity.